Trustco : Change To The Board - Resignation Of A Director

TRUSTCO GROUP HOLDINGS LIMITED Incorporated in the Republic of Namibia (Registration number 2003/058)

Registered as an external company in South Africa (External registration number 2009/002634/10) NSX share code: TUC

JSE share code: TTO

OTCQX share code: TSCHY

ISIN Number: NA000A0RF067 ("Trustco" or "the Group")

CHANGE TO THE BOARD - RESIGNATION OF A DIRECTOR

In compliance with paragraph 3.59 of the JSE Limited Listings Requirements, shareholders are informed of the change to the Trustco board of directors ("Board") as set out below.

Resignation

Due to personal reasons, Mr Richard Marney notified the Board of his resignation as a non- executive director of the Company on 5 August 2022, which took place with immediate effect. Mr R Marney has served on the Board since 9 March 2021 and has made a valuable contribution to the Trustco group. The Board thanks Mr Marney for his valuable contribution during his tenure as a non-executive director.

Windhoek, Namibia,

8 August 2022

Komada Holdings (Pty) Ltd

Company Secretary and Investor Relations Services to Trustco Group Holdings Limited

JSE Sponsor

Vunani - Johannesburg

NSX Sponsor

Simonis Storm Securities Proprietary Limited - Windhoek

OTCQX Sponsor

J.P Galda & Co - New York